The company has been looking for a UK team throughout this year and Warren says there are many solid managers around but an outstanding opportunity has yet to appear.

He says: “We want the Manchester Uniteds and Chelseas of this world who we know can come top of the table and we are prepared to wait for that. The one thing we do not want is a Middlesbrough who will be consistent but will not shoot the lights out at some point.

“We have had discussions with some but we would rather spot an ideal opportunity than hurry in to anything.” Thames River has closed its hedge fund Warrior I as well as announcing plans to close Warrior II in the near future.

The £250m Warrior fund, the first fund offered by the firm 10 years ago, has been closed as manager Ken Kinsey-Quick is keen to invest the core part of the portfolio in best ideas.

Warren says: “We want to do our best by investors, hence the decision to close Warrior I. However, Ken has a number of ideas in the sector and I am sure a Warrior III will be on the way in the near future.”

A period of exceptional uncertainty started last Friday for the UK, including a fierce leadership battle in a deeply divided Conservative party, the timing of the trigger of the EU’s Article 50, as well as a potential referendum in Scotland, and Northern Ireland. Click here to read the full article

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